![]() ![]() What are two disadvantages of saving money? What are some advantages and disadvantages of money? Adjust this general rule for other factors (your family finances or other issues). Under this scenario, your 8-year-old would get $8, while your 12-year-old would receive $12. Today, a key rule of thumb in setting allowances is paying a dollar a year: Pay $1 for each year of your child’s age. How much should a 13 year old get for allowance?
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